Safe and Sound

ORLEANS PARISH CRIMINAL SHERIFF'S

NEW ORLEANS, LA
5
Star Rating
ORLEANS PARISH CRIMINAL SHERIFF'S is an NCUA-insured credit union started in 1983 and currently headquartered in NEW ORLEANS, LA. As of December 31, 2017, the credit union had assets of $5.3 million.

ORLEANS PARISH CRIMINAL SHERIFF'S's 711 members currently have $3.5 million in shares with the credit union. With that footprint, the credit union currently holds loans and leases worth $1.1 million.

Overall, Bankrate believes that, as of December 31, 2017, ORLEANS PARISH CRIMINAL SHERIFF'S exhibited a superior condition, earning a full 5 stars for safety and soundness. Here's a breakdown of how the credit union faired on the three major criteria Bankrate used to grade U.S. credit unions on safety and soundness.

WHAT IS
SAFE AND SOUND?

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THE INSTITUTION'S SCORE

Capital Score

Capital is a key measurement of an institution's financial strength. It works as a cushion against losses and affords protection for members when a credit union is experiencing financial instability. When it comes to safety and soundness, more capital is better.

ORLEANS PARISH CRIMINAL SHERIFF'S achieved a score of 30 out of a possible 30 points on our test to measure capital adequacy, better than the national average of 15.65.

ORLEANS PARISH CRIMINAL SHERIFF'S's capitalization ratio of 30.00 percent in our test was above the average for all credit unions, an indication that it's on more solid financial footing than its peers.

Asset Quality Score

Bankrate uses this test to determine the effect of problem assets, such as unpaid mortgages, on the credit union's loan loss reserves and overall capitalization.

Having a large number of these kinds of assets means a credit union may have to use capital to absorb losses, decreasing its equity buffer. Many of those assets are also likely to be in non-accrual status and thus aren't earning money, reducing earnings and increasing the risk of a future failure.

On Bankrate's asset quality test, ORLEANS PARISH CRIMINAL SHERIFF'S scored 40 out of a possible 40 points, beating out the national average of 38.09 points.

Troubled assets made up 0.00 percent of ORLEANS PARISH CRIMINAL SHERIFF'S's total assets in our test, less than the national average and potentially indicative of superior financial strength compared to other credit unions.

Earnings score

A credit union's earnings performance has an effect on its long-term survivability. Earnings can be retained by the credit union, giving a boost to its capital buffer, or be used to deal with problematic loans, potentially making the credit union more resilient in times of trouble. However, credit unions that are losing money have less ability to do those things.

On Bankrate's earnings test, ORLEANS PARISH CRIMINAL SHERIFF'S scored 2 out of a possible 30, falling short of the national average of 10.11.

One indication that ORLEANS PARISH CRIMINAL SHERIFF'S is outperforming its peers in this area was its earnings ratio of 0.00 percent in our test, higher than the average for all credit unions.

WHAT IS SAFE & SOUND?

Bankrate.com's Safe & Sound Ratings provide a star rating system to evaluate the current financial status of financial institutions. The information gathered about banks, credit unions and thrifts is updated as set forth in the Terms of Use of Safe & Sound Ratings and Reports. The Safe & Sound Ratings information is grouped by categories of banks, thrifts and credit unions.

Scoring methodology

Bankrate.com evaluates the financial condition of institutions and assigns a one- to five-star rating for each with five stars representing the highest rating. Institutions with satisfactory performance will generally receive a rating of three or more stars. The majority of institutions fall into the three- to four-star range. An institution with an "NR" rating may be too new to rate or may have limited the publicly available information in their regulatory filings. The "NR" is not an indication of financial strength or weakness. The Safe & Sound rating is believed to be reliable, but the information is not guaranteed. In addition, events since the information was collected may have altered the institution's financial condition.